Furious Brexiters are criticising economists and credit agencies today for not warning them that stepping out of the largest free market in the world would somehow cause a clusterfuck of a recession. 221 more words
Tags » Recession
The Minister of budget and national Planning and his counter part in Finance has admitted that the economy is technically in recession.
Minister of Budget and National Planning, Udoma Udo Udoma, speaking yesterday, explained that the two previous quarters showed negative indices, a sign of technical recession. 249 more words
Summary: The Economic Cycle Research Institute (ECRI), who correctly predicted the slow recovery, looks at the multi-year slowing in the economies of the developed nations — its causes (the world is becoming Japan) and likely consequences. 1,268 more words
Recession risk is rising and trend global productivity and economic growth rates are falling. From the ECRI at business cycle.com:
The risk of a global recession is edging up, as the global slowdown we first noted last fall continues (ICO Essentials, September 2015). 480 more words
The Minister of Finance, Mrs Kemi Adeosun, has said that the nation is going through a recession.
She said this on Thursday while speaking during the plenary session of the Senate that the Federal Government is aware of the sufferings the recession may have caused Nigerians but added that steps have been taken to ensure that the nation gets out of its economic challenge. 256 more words
During the recession 31 states were forced to borrow $42.5 billion from the federal government in order to cover unemployment funding. Ohio was one of those states that borrowed money and in recent years, employers were left paying it back. 148 more words
Recessions have occurred many times in history. They bring fear & uncertainty to many, but they are a part of the economic cycle. Unfortunately in a developing or under-developed economy there are a lot of myths about recession, but in order to understand it we need to go beyond these myths & try to look the larger picture. 1,303 more words